Key Policy Rates Slashed by 25 bps; Stance Changed to Accommodative' The Reserve Bank of India (RBI) in its Second Bi-monthly Monetary Policy review (2019-20), cut key policy rate for the third time in a row and changed the stance to support benign growth conditions. It was for the first time since September 2010 that the repo rate slipped below 6%. The Monetary Policy Committee (MPC) decided to change the stance of monetary policy from neutral to accommodative. The decision made was in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% within a band of +/- 2%, while supporting growth. Following are the policy measures and vital announcements by the RBI:...